News from your Accountants in Harrogate & Leeds

Keep yourself up-to-date on the latest accountancy news and information with our useful articles.

Farewell Paula

March 7th 2017

We are sad to say that our lovely morning receptionist, Paula, will be leaving us in April. 

Making Tax Digital - a reminder

March 3rd 2017

We have now seen the response of HMRC to representations made by accountants and other interested parties to their Making Tax Digital (MTD) agenda. For those of you who did not attend our recent seminars on MTD, this is a reminder that MTD will result in the gradual digitisation of small businesses (including landlords) reporting to HMRC. The present proposals will oblige smaller businesses to upload quarterly data to HMRC from April 2018.

Part Time Receptionist Vacancy Harrogate

February 15th 2017

DSC Chartered Accountants are currently recruiting for a part-time receptionist to work in their Harrogate town centre office.

Storm Damage

February 3rd 2017

Costs that businesses incur to clean up after the recent storms, that affected the north and east coasts in particular, need to meet the usual qualifying criteria that they are incurred “wholly and exclusively” for business purposes in order to be a legitimate write-off for tax purposes.

Considering investing in plant or equipment?

February 3rd 2017

Business owners may be considering their options for investment in new equipment especially if their trading year end is March, as is often the case. There are a number of considerations:

Director disqualified for seven years

February 3rd 2017

Directors have a responsibility to maintain, preserve and deliver records that are adequate to explain the financial position of their company. If they fail to do so, they run the risk of being disqualified from acting as a director.

Beware internet phishers

February 3rd 2017

The end of January, Self Assessment filing deadline, and the approaching tax year end seem to stimulate fraudulent activity focussing on tax issues.

Rates and allowances update

February 1st 2017

The personal allowance increases to £11,500 for the 2017/18 tax year. As for 2016/17 the allowance will be reduced by £1 for every £2 by which adjusted net income exceeds £100,000. This means that anyone with income in excess of £123,000 for 2017/18 will not receive the personal allowance.